[Calc Review] Help me analyze this deal - House hack

[Brook Boatman]

Hello everyone!

I had a walkthrough on this property this week and am crunching the numbers based on what I saw.  I am thinking of offering closer to 200,000 (listed at 299,000).

Additional information:

Roof will need replaced within the next few years.

Unit D is occupied by a person who is incarcerated, moderate damage in unit.  Will request that owners do not renew tenant's lease (which is up in September) and return unit to 'rent ready' condition likely using deposit money.  If purchased, I will be living in unit D.

Two units rent for 630, the other two for 615.  3 of 4 units are up for a raise in rent this year, but based on area $650 is around the max for a 2 bedroom in that condition.

Long term tenants in units A, B, and C.

Full septic system inspection and well water testing will have to be done in addition to inspection and appraisal for financing.  

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Running the numbers at purchase price 200,000, raising rent in all four to $650 per month, and spending 30,000 on repairs gets a monthly cash flow of $353.74 and an ROI of 10.61 (once moving out and self-managing).

Please let me know if you need any additional information, or if I missed anything.  Every bit of input helps!

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*This link comes directly from our calculators, based on information input by the member who posted.